Gallagher Foundation
- Assets
- $8.0m
- Revenue
- $936.1k
- Investments
- $7.3m
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 41-2019884
Organization Overview
Gallagher Foundation is located in St Louis Park, MN. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gallagher Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Gallagher Foundation generated $936.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gallagher Foundation has awarded 252 individual grants totaling $2,546,996. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLOBAL LEADERSHIP SUMMIT, LEAD WHERE YOU ARE, IS A CONFERENCE FACILITATED BY A GRADUATED SCHOLAR TO PROVIDE LEADERSHIP DEVELOPMENT, OPPORTUNITIES TO CONNECT AND A CHANCE TO EXPLORE AN INTERNATIONAL CITY FOR GALLAGHER GRADUATED SCHOLARS AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan G Prindiville President | 40 | $117,726 | |
Gerald P Gallagher Board Chair | 0.25 | $0 | |
Ann Diemer Secretary | 0.25 | $0 | |
Ellen M Gallagher Director | 0.25 | $0 | |
Brad Diemer Director | 0.25 | $0 | |
Krista Gallagher Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $9,668 |
| Dividends & Interest | $231,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,654 |
| Capital Gain Net Income | $143,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,500 |
| Total Revenue | $936,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $117,726 |
| Other employee salaries and wages | $67,303 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,280 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $305,687 |
| Printing and publications | $0 |
| Other expenses | $98,250 |
| Total operating and administrative expenses | $671,673 |
| Contributions, gifts, grants paid | $570,676 |
| Total expenses and disbursements | $1,242,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,645 |
| Savings and temporary cash investments | $495,419 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $342,693 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,034,635 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gallagher Foundation has awarded $570,676 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
GELUK LUCKY PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $10,559 |
CELE KONKE PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $10,250 |
GOVENDER SANTHURI PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $15,862 |
IFEMEDEBE CHIAMAKA PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $10,058 |
KGOMARI KATLEGO PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $9,804 |
JAXA MPHO PURPOSE: COLLEGE SCHOLARSHIP - COST OF EDUCATION; ROOM & BOARD/TRAVEL EXP | $9,990 |